Klaytn, the public blockchain project of Korea’s Internet giant, Kakao, announced it has joined the Celo Alliance for Prosperity, a mission-aligned network of organizations fostering social impact and financial inclusion through the use of blockchain technology.
Read More: Kreditech Rebrands to Monedo as It Steps Up Growth in International Lending Markets
As the new Alliance member, Klaytn joins other global leading member organizations including Andreessen Horowitz, Coinbase Ventures, and B12, to work towards building an open monetary system that creates conditions of prosperity for all. Specifically, Klaytn will extend the usability of its token KLAY as well as secure the usability of Celo stablecoins. Further, Klaytn and Celo will together perform a research on interoperability of the two blockchain protocols.
Read More: Healthfully and Paya Deliver Expanded Patient Care and Payments Through New Partnership
“The Celo Alliance for Prosperity shares a mutual vision with Klaytn in making digital assets more accessible and useful in our everyday lives,” said Sangmin Seo, the Head of Platform Group at Ground X. “We are excited to be supporting and working with the Alliance to stimulate sustainable growth and bring meaningful use cases.”
“We are excited to see Klaytn select Celo as the first external blockchain it will interoperate with. By building a bridge between Klaytn and Celo, Klaytn will expand its own ecosystem, and make it simple for people in Korea and across Asia to send and save with Celo,” said Chuck Kimble, the Head of Celo Alliance for Prosperity.
Klaytn is a global public blockchain platform developed by Ground X, the blockchain affiliate of the leading South Korean Internet company, Kakao. Klaytn is a service-centric blockchain platform providing an intuitive development environment and a friendly end-user experience. It is built upon solid reliability and significant stability with substantial service development for mass adoption. The platform allows real world applications of large scale to be produced right away so that our end-users can make full use of services without much expertise in blockchain or cryptocurrency.
Read More: SIMON Markets LLC and Raymond James Launch New Strategic Partnership for Annuities
